U.S. inflation data for May shows sharply higher energy costs accounted for a big part of increasing consumer prices, which posted their biggest monthly gain since February 2013, yet they are lower than a year ago and that helped hold annual inflation in place.
In May, the Consumer Price Index, or CPI, rushed 0.4% higher after an increase of 0.1% in April Continue reading US Inflation in May Jumps with Gas Prices
U.S. inflation figures in April held at least one small surprise, the core rate which discounts food and energy costs rose by the biggest amount in more than two years, picking up mainly on housing and healthcare costs.
Conversely, inflation on an annual basis marked its largest decline in over five years, and only its third retreat since 2009. Continue reading Core US Inflation in April Posts Biggest Gain in 2 Years
U.S. inflation kept to its more usual course in March, rising for a second month in a row following three straight months of less than typical declines.
Not keeping to their norm, however, overall food prices fell negative for the first time since May 2013. Gains in gasoline and shelter prices more than Continue reading US Inflation in March Gains for Second Month
U.S. inflation changed gears as consumer prices in February logged gains for the first time since October and went unchanged over the past year, according to a U.S. Labor Department report released Tuesday, March 24, 2015.
Inflation gains were broad-based, led by gasoline prices that advanced for the first time in eight months. Continue reading US Inflation Rises in February After 3 Monthly Declines
U.S. consumer prices in January declined for a third month in a row, and by the biggest amount during a month in six years. In another multi-year event, inflation over the past 12 months went negative for the first time in over five years.
Falling energy prices was overwhelmingly the cause of the decline, according to a U.S. Labor Department report released Thursday, February 26, 2015. Continue reading US Inflation Falls for First Time Since 2009
United States inflation in 2014 eased as American consumers spent more at grocery stores but much less when filling up at gas stations — especially in November and December.
Inflation in the U.S. climbed 0.8% last year, the second weakest level for a calendar year in the last five decades. Continue reading US Inflation in 2014 Second Weakest Since 1961
U.S. consumer price inflation eased more than expected in November, actually dropping — and by the biggest amount in almost six years as gasoline prices plummeted to easily offset increases in other areas like food.
The Consumer Price Index declined 0.3% last month, the U.S. Labor Department reported Wednesday, December 17. Continue reading November 2014 US Inflation
Consumer price inflation in the United States was unchanged in October as lower energy prices kept other advancing items in check, according to a U.S. Labor Department report released Thursday, November 20, 2014.
By comparison, the Consumer Price Index (CPI) edged up 0.1% in September. The level economists had forecast for last month was a decline of 0.1%, according to most news outlets. Continue reading October 2014 US Inflation
U.S. consumer prices turned higher in September after dipping in August for the first time in 16 months. Shelter, medical care and food prices led gains while falling energy expenses helped in keeping overall consumer prices in check.
The Consumer Price Index rose 0.1% in September after decreasing 0.2% in the prior month, according to a U.S. Labor Department report released Wednesday, October 22, 2014. Continue reading September 2014 US Inflation
U.S. consumer prices in August declined for the first time since April 2013 as increased food costs were offset by sharply lower gasoline prices, data released Wednesday, Sept. 17, 2014 by the U.S. Labor Department shows.
In addition to gas prices, other major categories monitored by the Labor Department’s Bureau of Labor Statistics to fall included fuel oil, used cars, used trucks, apparel and transportation. Continue reading August 2014 US Inflation